FRP Holdings Stock Forecast
FRP Holdings stock price ended at $30.31 on Tuesday, after losing 1.40%.
(Updated on Apr 30, 2024)
The FRP Holdings stock price fell by -1.40% on the last day (Tuesday, 30th Apr 2024) from $30.74 to $30.31. During the last trading day the stock fluctuated 1.62% from a day low at $30.31 to a day high of $30.80. The price has risen in 7 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately $359.20 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.92 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -32.73% during the next 3 months and, with a 90% probability hold a price between $16.76 and $36.95 at the end of this 3-month period.
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FRPH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.69%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FRP Holdings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.44 and $49.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). FRP Holdings gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for FRP Holdings stock
FRP Holdings finds support from accumulated volume at $30.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.490 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.53%.
FRP Holdings is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRPH) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect FRP Holdings to open at $30.47, and during the day (based on 14 day Average True Range), to move between $28.50 and $32.12, which gives a possible trading interval of +/-$1.81 (+/-5.99%) up or down from last closing price. If FRP Holdings takes out the full calculated possible swing range there will be an estimated 11.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.36 (0.16%) than the support at $30.13 (0.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
FRP Holdings will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for FRP Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.12% in the first trading day after earnings release.
Is FRP Holdings stock A Buy?
FRP Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.363 Sell Candidate Unchanged
Predicted Opening Price for FRP Holdings of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $30.47 ( 0.539%) | $30.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRPH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.96 | 2.16 % | |
| R2 | 30.78 | 1.54 % | ||
| R1 | 30.66 | 1.16 % | ||
| Current price: | 30.31 | |||
| Support | S1 | 30.29 | -0.0787 % | |
| S2 | 30.17 | -0.460 % | ||
| S3 | 29.98 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.70 | 1.29 % | |
| R2 | 30.42 | 0.363 % | ||
| R1 | 30.36 | 0.165 % | ||
| Current price | 30.31 | |||
| Support | S1 | 30.13 | -0.594% | |
| S2 | 29.38 | -3.07% | ||
| S3 | 29.33 | -3.23% |
FRPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2015 | Feb 02, 2015 | Feb 02, 2015 | $6.00 | 38.89% |
FAQ
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